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Beijing cracking down on property financing via trusts

Banking regulator's directive covers real estate and other industries facing overcapacity, say sources
Monday, April 24, 2017 - 05:50

Beijing

CHINA'S banking regulator has instructed trust companies to rein in funding to the nation's booming real estate sector, intensifying a campaign to curb risks in both the property market and the shadow-finance industry.

The China Banking Regulatory Commission's (CBRC)

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